Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 88,456 thousand, an increase of 8.9% compared to RMB 81,624 thousand for the same period in 2023[9]. - Gross profit for the same period was RMB 37,208 thousand, reflecting a gross margin of 42.1%[9]. - Operating profit increased to RMB 26,251 thousand, up 7.4% from RMB 24,439 thousand in the prior year[9]. - Profit attributable to equity shareholders was RMB 21,588 thousand, compared to RMB 20,495 thousand in the previous year, representing a growth of 5.3%[9]. - Basic and diluted earnings per share remained stable at RMB 0.20 for both periods[9]. - The company reported a pre-tax profit of RMB 26,102 thousand, an increase from RMB 24,311 thousand in the same period last year[9]. - Total comprehensive income for the period was RMB 21,258 thousand, compared to RMB 19,747 thousand in the prior year, indicating a growth of 7.6%[9]. - Adjusted operating profit for the six months ended June 30, 2024, was RMB 22.4 million, a 23.1% increase from RMB 18.2 million for the same period in 2023[96]. - Net profit increased from approximately RMB 19.7 million for the six months ended June 30, 2023, to approximately RMB 21.3 million for the same period in 2024, maintaining a net profit margin of 24.1%[105]. Assets and Liabilities - As of June 30, 2024, total assets amounted to RMB 385,077 thousand, an increase from RMB 363,219 thousand as of December 31, 2023, representing a growth of approximately 6.1%[10]. - The company's net current assets increased to RMB 242,339 thousand from RMB 222,554 thousand, reflecting a growth of about 8.9%[10]. - The total equity attributable to shareholders rose to RMB 386,798 thousand, up from RMB 365,210 thousand, indicating an increase of approximately 5.5%[11]. - The company’s total liabilities increased to RMB 50,633 thousand from RMB 26,733 thousand, reflecting a growth of approximately 89.5%[10]. - Accounts payable and other payables surged to RMB 41,004 thousand, compared to RMB 17,689 thousand, marking an increase of approximately 131.5%[10]. - Total accounts receivable as of June 30, 2024, was RMB 30,551,000, a slight decrease from RMB 30,897,000 as of December 31, 2023, reflecting a reduction of approximately 1.12%[52]. - The net amount of accounts receivable as of June 30, 2024, was RMB 30,472,000, down from RMB 30,806,000 as of December 31, 2023, indicating a decrease of about 1.08%[52]. Cash Flow - Operating cash inflow for the six months ended June 30, 2024, was RMB 25,044 thousand, an increase of 24.5% from RMB 20,149 thousand in the same period of 2023[16]. - Net cash generated from operating activities reached RMB 19,306 thousand, up 54.1% compared to RMB 12,512 thousand in the prior year[16]. - Cash and cash equivalents decreased significantly to RMB 65,598 thousand from RMB 203,638 thousand, a decline of about 67.8%[10]. - Net cash used in investing activities was RMB 150,011 thousand, compared to a net cash inflow of RMB 188,287 thousand in the same period of 2023[16]. - The company reported a net cash outflow from financing activities of RMB 7,335 thousand, contrasting with a net inflow of RMB 21,248 thousand in the previous year[16]. Research and Development - Research and development costs were RMB 4,389 thousand, reflecting the company's commitment to innovation[9]. - Research and development costs for the six months ended June 30, 2024, were RMB 4,385 thousand, slightly higher than RMB 4,216 thousand for the same period in 2023[33]. Employee and Management Costs - Employee costs for the six months ended June 30, 2024, amounted to RMB 14,285 thousand, a decrease from RMB 16,049 thousand for the same period in 2023, representing a reduction of about 11%[37]. - The total remuneration for key management personnel increased from RMB 2,505 thousand to RMB 2,571 thousand, an increase of approximately 2.6%[75]. Shareholder Information - The company issued a total of 35,300,000 H-shares at HKD 7 per share on August 6, 2024, with trading commencing on the Hong Kong Stock Exchange[78]. - The total issued shares of the company as of the listing date is 141,195,600, which includes 105,895,600 domestic shares and 35,300,000 H-shares[139]. - Haier Group holds 64,000,000 shares, representing 60.44% of the company's issued shares and 45.33% of the total shares[144]. - The company has a significant concentration of ownership, with Haier Group and Qingdao Haichuangke Management collectively controlling a majority of the voting rights[147]. Business Strategy and Future Plans - The company plans to continue expanding its insurance agency and IT services, focusing on digital solutions for clients[19]. - The company plans to expand its insurance user coverage and strengthen partnerships with insurance companies, including establishing branches to enhance market presence[89]. - The company aims to enhance its digital capabilities by upgrading core business systems and introducing AI-based tools to improve user efficiency and experience[90]. - Marketing efforts will focus on increasing brand awareness through online advertising on platforms like WeChat, Weibo, and Douyin[92]. - The company intends to pursue prudent investments and acquisitions in the insurance intermediary and fintech sectors to accelerate business development[93]. Corporate Governance - The company has established an audit committee to assist the board in fulfilling its financial reporting and corporate governance responsibilities[128]. - The company operates under the guidelines of the Corporate Governance Code as per the listing rules[151]. - The company has established itself as a limited liability company in China since March 16, 2017[151].

Financial Performance - For the six months ended June 30, 2024, the group recorded revenue of approximately RMB 88.5 million, an increase of about 8.5% compared to RMB 81.6 million for the same period in 2023[1] - The gross profit for the same period was approximately RMB 37.2 million, reflecting an increase of about 3.3% from RMB 36.0 million in the prior year[1] - Profit attributable to equity shareholders was approximately RMB 21.6 million, up by about 5.4% from RMB 20.5 million in the previous year[1] - Adjusted operating profit (non-IFRS measure) was approximately RMB 22.4 million, representing an increase of about 23.1% compared to RMB 18.2 million for the same period in 2023[1] - The group reported a pre-tax profit of approximately RMB 26.1 million, compared to RMB 24.3 million for the same period in 2023, indicating a growth of about 7.4%[2] - Total revenue for the six months ended June 30, 2024, was RMB 88,456 thousand, an increase from RMB 81,624 thousand for the same period in 2023, representing a growth of 8.5%[9] - Insurance agency business revenue reached RMB 82,213 thousand for the six months ended June 30, 2024, up from RMB 75,865 thousand in 2023, reflecting a growth of 8.3%[13] - IT services revenue increased to RMB 5,486 thousand in the first half of 2024, compared to RMB 4,436 thousand in 2023, marking a growth of 23.6%[13] - The company reported a pre-tax profit of RMB 26,102 thousand for the six months ended June 30, 2024, compared to RMB 24,311 thousand in 2023, an increase of 7.4%[14] - The net profit attributable to equity shareholders for the six months ended June 30, 2024, was RMB 21,588,000, compared to RMB 20,495,000 for the same period in 2023, representing an increase of approximately 5.34%[23] Assets and Liabilities - The total assets less current liabilities amounted to RMB 385.1 million as of June 30, 2024, compared to RMB 363.2 million as of December 31, 2023[4] - The net assets of the group were RMB 385.1 million, an increase from RMB 363.2 million at the end of the previous year[5] - The total accounts receivable as of June 30, 2024, was RMB 30,551,000, a slight decrease from RMB 30,897,000 as of December 31, 2023[25] - The total liabilities increased to RMB 41,004,000 as of June 30, 2024, from RMB 17,689,000 as of December 31, 2023, reflecting a significant rise in payables[33] - The company's paid-in capital increased from RMB 83.0 million to RMB 105.9 million after an injection of RMB 31.2 million on January 18, 2023[35] - The company's capital reserve rose from RMB 118.7 million to RMB 127.0 million following the same capital injection[35] Cash Flow - The group’s cash and cash equivalents decreased to RMB 65.6 million from RMB 203.6 million at the end of the previous year[4] - Cash and cash equivalents decreased significantly to RMB 65,598,000 as of June 30, 2024, down from RMB 203,638,000 as of December 31, 2023[27] - The net cash inflow from operating activities rose from RMB 12.5 million to RMB 19.3 million, attributed to increased operating profit and improved operational efficiency[58] - The net cash outflow from investment activities was RMB 150.0 million, compared to a net inflow of RMB 188.3 million in the same period last year[59] - The net cash outflow from financing activities was RMB 7.3 million, down from a net inflow of RMB 21.2 million in the previous year[60] - As of June 30, 2024, the net current assets amounted to RMB 242.3 million, up from RMB 222.6 million on December 31, 2023[61] Research and Development - Research and development costs for the period were approximately RMB 4.4 million, slightly up from RMB 4.2 million in the previous year[2] - Research and development costs for the first half of 2024 were RMB 4,385 thousand, slightly higher than RMB 4,216 thousand in 2023[14] - Research and development expenses for the six months ended June 30, 2024, were RMB 643,000, slightly up from RMB 624,000 in the same period of 2023[22] Operational Strategy - The company plans to establish 30 to 36 branches in regions such as Hebei, Henan, Anhui, Hubei, Chongqing, Shanghai, and Beijing to expand its geographical coverage[41] - The company aims to enhance its digital capabilities by upgrading core business systems and introducing AI-based tools to improve user efficiency[43] - New IT service products will be developed to meet the needs of various industries, ensuring consistent quality across offerings[44] - Marketing activities will include online advertising on mainstream media platforms and social media to enhance brand awareness[45] - The company will continue to strengthen relationships with insurance company partners and provide systematic training for insurance agents[42] - The company will focus on promoting insurance products through various sales channels, including direct sales and referrals from strategic partners[39] - The company is committed to maintaining rapid growth in its core insurance agency services and IT consulting services[40] Corporate Governance - The Audit Committee, consisting of three independent non-executive directors, is responsible for overseeing the financial reporting process and internal controls[69] - The company has confirmed compliance with the standard code of conduct for securities trading since its listing date, with no known violations by directors or employees[67] - The company will continue to review and monitor its corporate governance practices to ensure compliance with the corporate governance code[66] - The current arrangement of having the same individual serve as both Chairman and CEO is believed to enhance strategic planning and decision-making efficiency[66] Miscellaneous - No dividends were paid during the reporting period[36] - No interim dividend was recommended for the six months ended June 30, 2024[65] - The company has sufficient liquidity to meet operational funding requirements and maintain financial flexibility for future strategic investment opportunities[61] - The company has issued a total of 35,300,000 H-shares at HKD 7 per share, starting trading on the main board of the Stock Exchange[70] - There have been no significant post-reporting period events that require disclosure as of June 30, 2024[70] - The company expresses gratitude to its management, employees, shareholders, and business partners for their contributions and support during the reporting period[71]